NDTV Group narrows losses in H1FY15

NDTV Profit/Prime achieved a major turnaround by turning EBITDA positive in Q2 FY15, within six months of its relaunch. The Board has decided to restructure or sell non-core businesses

BestMediaInfo Bureau | Mumbai | November 7, 2014

NDTV Group's operating income grew by 24% for the half-year ended September 2014 to Rs 258 crore, up from Rs 209 crore for the same period last year. The operating income for the quarter ended September 2014 is Rs 110 crore, up from Rs 106 crore in the same quarter last year.

NDTV Group has narrowed its losses from Rs 39 crore in H1FY14 to Rs 28 crore in H1FY15.

NDTV Profit/Prime achieved a major turnaround by turning EBITDA positive in Q2 FY15, within six months of its relaunch.

NDTV Convergence continues to show robust revenue growth of 22% in this quarter and a growth of 34% for the half year ended September 30, 2014 on YoY basis.

The Board of Directors has mandated the Management to:

• Fix, restructure or sell non-core businesses while accelerating growth in core businesses
• Increase investment in online assets to accelerate the company's leadership position to benefit from the digital revolution

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